Working in the insurance industry

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Introductory Courses technical Insurance Programmes these Courses Complement The Training Undertaken By

Introductory Courses ? Technical insurance programmes ? These courses complement the training undertaken by ? operating companies themselves. ? Insurance Foundation Course ? Technical Insurance Seminar ? Specialist Insurance Broking Workshop ? Cii (www.cii.co.uk) Professional Studies ? General business programmes Introduction to Accounts Computers in the Company Office Skills ? Marketing and Sales ? Personal Skills Programme Presentation Skills ? Interviewing Skills ? Preparing for Retirement ? Supervisor and management development programmes ? Effective Supervision Seminars ? Management Development Programmes ? Specialist Programmes ? Management Development - Project Teams ? The Legal Responsibilities of Managers ? International programmes USA Study Group ? International Insurance for Overseas Visitors ? Some of the courses are residential and provide opportunities for members of staff to meet colleagues from other offices in the Group. ? The following are details of some of the courses listed above. ? Technical Insurance Seminar Purpose: to provide members of staff with a broad view of the technical foundations of insurance.

Content: the identification and treatment of risks; application to classes of insurance; selection of appropriate policies; placing of insurances; how claims arise; treatment of claims and interpretation of policies. Company Training Schemes: ?a general induction course and continue with a job rotation scheme.? A recruit will normally spend a minimum of 18 months by attachment to the following branch departments: fire, accident, motor, life, accounts, service/ sales, and an accident claims bureau. During so short a time it will not be possible to cover every detail of departmental work.

Nevertheless, this experience will give a thorough grounding in all types of business, prior to deciding on an area in which to specialise. Most training during this scheme will be on the job, but recruits will also attend technical courses and be encouraged to study for a professional qualification. It is impossible to give all the details of training programmes, but the following are some examples of what a trainee will have covered by the end of an attachment.

Fire Department 1. New Business Processing (Simple Policies) (a) Scrutinise new policy papers (b) Calculate premiums (c) Draft policies (d) Scrutinise 'Plan and Report' (e) Check and issue policies (f) Classify risks (g) Complete inline forms 2. Mid - term Adjustments (a) Re - calculate premiums (b) Draft simple endorsements (c) Record stock declaration and calculate adjustments form (d) Input data (e) Update office records (f) Prepare auditors' certificates and calculate any rebate due 3. Renewals (a) Scrutinise policy records and take appropriate underwriting action (b) Prepare amended and out of course renewals, using - web data - amended renewal cancellation requisition list (c) Prepare long - term agreement renewals 4. Claims (a) Investigate loss notification (b) Instruct fire loss adjusters (c) Settle small claims (d) Complete loss advice set/policy details for loss advice form (as necessary) (e) Update office records Advanced Training Courses Training courses become more detailed as the recruit progresses. An example of the complexity is shown by the course for senior trainee life underwriters, run by a large insurance company.

Underwriting Course The aims and objectives of this course are designed to enable staff to 'screen' proposal forms, so that only cases with an adverse medical history are passed to the underwriters. It is intended for senior trainee underwriters and consists of five morning or afternoon sessions followed by a written examination. The content of the course is as follows.

Non - Medical Limits; A Discussion Of: Medical Attendant's Reports, Medical Examination

Non - medical limits; a discussion of: medical attendant's reports, medical examination reports and specialists' and consultants' r

Lloyd's Group Training Scheme: In 2016, The Committee Of Lloyd's Set Up

Lloyd's Group Training Scheme: In 2016, the Committee of Lloyd's set up Lloyd's Training Centre to provide training, specifically oriented to the Lloyd's environment, f

You Must Understand And Know Your Skills And Concentrate Your Efforts On

You must understand and know your skills and concentrate your efforts on those areas of opportunity where these are most likely to make a contribution to solving a potential employer's